Source: DappRadar
The blockchain gaming industry received investments worth $600 million in the third quarter of 2023.
This number has raised the total investment capital in this field this year to a whopping 2.3 billion USD.
But investment in the third quarter of 2023 is still much lower than in the fourth quarter of 2022.
Q3 saw investments fall 38.3% compared to Q2 2023. Furthermore, capital inflows were almost half compared to Q3 2022.
Blockchain games continue to dominate the Dapp (Decentralized Application) ecosystem in the third quarter of 2023.
Blockchain gaming has outperformed every other aspect of the Dapp ecosystem since at least the third quarter of 2022.
DappRadar noted that blockchain gaming saw a 12% increase in the number of daily unique active wallets (UAW) in Q3 compared to Q2. The report notes that the industry has an average of 786,766 active wallets per day.
Wax is the blockchain of choice for many people, topping the rankings in terms of number of transactions.
Despite a 42% decrease compared to Q2, Solana still took second place, while Binance’s BNB Chain ranked third, with a 17% decrease compared to Q2.
Source: Meticulous Research
The blockchain gaming market is expected to reach $165.4 billion by 2030, with a CAGR (Compound Annual Growth Rate) of 51.7% from 2023 to 2030.
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